The demand for cottonseed in South Africa has shown considerable fluctuations over the past decade. In 2014, the demand stood at 41 thousand metric tons, which increased to 52 thousand metric tons in 2015, marking a 26.83% year-on-year increase. However, the following year saw a decline of 9.62%, and the demand plummeted by almost 30% in 2017. A significant recovery occurred in 2018 with a 100% increase, and since then, the demand has followed a more stable yet fluctuating trend.
In 2023, the demand for cottonseed stood at 65 thousand metric tons. From 2019 to 2020, the demand experienced slight decrements and increments, maintaining a fairly steady trajectory with a Compound Annual Growth Rate (CAGR) of -0.3% over the past five years. The year-on-year variation for 2023 was 3.17%.
Looking forward, the forecasted CAGR over the next five years is 1.76%, with an anticipated growth rate of 9.09% by 2028.
Future trends to watch for include:
- Potential impacts of climate change on cottonseed production and demand.
- Advances in agricultural technology that may increase production efficiency.
- Shifts in domestic and global market demands for cotton and related products.
